COLUMBUS, OH, Apr 26, 2012 (MARKETWIRE via COMTEX) --Worthington Industries, Inc. (NYSE: WOR) announced today that Mark
A. Russell will become the next president and chief operating officer
of the Company, effective Aug. 1, 2012, replacing George P. Stoe who
is stepping down into a semi-retirement role. Geoff G. Gilmore will
replace Russell becoming the next president of Worthington Steel also
on Aug. 1.
"George has made significant contributions to the Company in his
roles as president of our Cylinders business and in his current
position, and we will continue to benefit from his leadership, as he
transitions from day-to-day to special projects," said Chairman and
CEO John McConnell. Stoe is 66 years old.
"As president, Mark will be able to apply his leadership and
experience across all of our businesses. He has done an excellent job
leading our largest business segment through the greatest downturn in
our history. His reshaping of our Steel Processing business has
produced great results from operations, sales and inventory
management," said McConnell. "He has also led the development and
strategic direction of our Centers of Excellence as we continually
find ways to improve across all of our businesses."
Russell, 49, joined Worthington Steel in 2007 as president. Early in
his career he was an attorney and in 1994, he began his work in the
aluminum industry holding several key leadership positions at Alumax,
Inc., Alcoa, Inc. and in 2002 was named CEO of aluminum extruder
Indalex, Inc.
"Geoff is a proven leader. He has made a positive impact in all of
his roles with the Company for nearly 14 years," said McConnell. "His
experience and industry knowledge will serve us well as we continue
to optimize and grow our Steel business."
Gilmore, 40, began his career with Worthington Steel in 1998 as an
inside sales representative. He later became a sales territory
manager and then commercial lead for all automotive sales. In 2010,
Gilmore was named general manager of the Company's Delta, Ohio
facility responsible for overseeing its manufacturing and sales
operations. In July 2011, he was named vice president of purchasing
for Worthington Industries, responsible for all purchasing efforts
across the Company including steel, commodity and OEM purchasing,
logistics and outside processing.
About Worthington Industries
Worthington Industries is a leading
diversified metals manufacturing company with 2011 fiscal year sales
of $2.4 billion. The Columbus, Ohio based company is North America's
premier value-added steel processor and a leader in manufactured
pressure cylinders, such as propane, oxygen and helium tanks, hand
torches, refrigerant and industrial cylinders, camping cylinders,
scuba tanks, and compressed natural gas storage cylinders;
custom-engineered open and enclosed cabs and operator stations for
heavy mobile equipment; framing systems for mid-rise buildings; steel
pallets and racks; and through joint ventures, suspension grid
systems for concealed and lay-in panel ceilings, current and past
model automotive service stampings; laser welded blanks, and light
gauge steel framing for commercial and residential construction.
Worthington employs approximately 9,500 people and operates 80
facilities in 12 countries.
Safe Harbor Statement
The company wishes to take advantage of the
Safe Harbor provisions included in the Private Securities Litigation
Reform Act of 1995 ("the Act"). Statements by the company which are
not historical information constitute "forward looking statements"
within the meaning of the Act. All forward-looking statements are
subject to risks and uncertainties which could cause actual results
to differ from those projected. Factors that could cause actual
results to differ materially include risks described from time to
time in the company's filings with the Securities and Exchange
Commission.
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CONTACTS:
Cathy M. Lyttle
VP, Corporate Communications and Investor Relations
Phone: (614) 438-3077
E-mail: Email Contact
Sonya L. Higginbotham
Director, Corporate Communications
Phone: (614) 438-7391
E-mail: Email Contact
SOURCE: Worthington Industries, Inc.
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